... power to the United States. The dominance of the U.S. and the Soviet Union led to bipolarity, while containment concerned halting the spread of communism and the future prosperity of the world. Thus, in the 1950s modernization theory was born, to protect the interests of the U.S. and to ... have functioning liberal market economies, as well as ensure resistance to communism and the future prosperity of the world. This aided the U.S. in becoming the "protector of the free world" and form allies through aid ... of the European colonial empires in Asia, Africa, and Latin America giving bir...

• Word Count: 1471
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate